IS INDIA READY FOR CRYPTO? STUDY ON PUBLIC PERCEPTION, REGULATION AND FINANCIAL

The rapid evolution of cryptocurrency has sparked global debates on its viability, regulation, and transformative potential in the financial ecosystem. This study explores whether India is prepared to adopt cryptocurrency at a larger scale by examining three critical aspects: public perception, regulatory landscape, and its potential to reshape the financial sector. Through surveys and secondary data analysis, the report evaluates the awareness, acceptance, and concerns of Indian citizens regarding digital currencies. It also critically assesses the current regulatory framework and the role of institutions such as the Reserve Bank of India (RBI) and the Government of India in shaping crypto policy. Lastly, the research Investigates how cryptocurrencies could impact India’s traditional banking systems, digital payments infrastructure, and financial inclusion efforts. The findings reveal a nation cautiously optimistic yet uncertain highlighting the need for balanced regulation, public education, and technological readiness to harness the benefits of this digital financial revolution.